LiLo, Paris offered $500K for boxing match

Lindsay Lohan and Paris Hilton have been offered 500,000 dollars each by Hollywood Boxing Federation promoter to take part in a boxing match.

Federation promoter, Damon Feldman, has singled out Hilton and Lohan as his next two celeb boxing contenders.

Feldman has said he will donate the proceeds to anti-drug and alcohol campaigns and would give them the huge fees for them to give to charity if the reformed party girls - who both have convictions for driving under the influence - agree to step into the ring.

"We''re calling it the battle of the bad girls of Hollywood," RadarOnline.com quoted Feldman as saying.

"They would use big pillow-sized boxing gloves. This would be nothing more than a fun match-up, and Paris and Lindsay have both dabbled with boxing training in the past.

"Michael could even help train Lindsay as he is undefeated in Celebrity Boxing!" Feldman added.

Feldman believes the light-hearted match would be the perfect way to strengthen their friendship further for the sake of a good cause.

He told: "This is a perfect way for the two ladies to give back